GBP/CHF - 1H - Technical analysis published on 03/19/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
33%
28%
39%
My opinion
Bullish above 1.1239 CHF
My targets
1.1290 CHF (+0.0015)
1.1308 CHF (+0.0033)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 1.1239 CHF remains possible. It is advisable to trade GBP/CHF with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 1.1239 CHF. The next bullish objective for buyers is set at 1.1290 CHF. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.1308 CHF. If there is any crossing, the next objective would be the resistance located at 1.1336 CHF. PS: if there is a bearish break in the support located at 1.1239 CHF we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
2
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This analysis was given by dtaccori. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GBP/CHF rating is 1.1275 CHF. The price is lower by -0.19% since the last closing with the lowest point at 1.1248 CHF and the highest point at 1.1305 CHF. The deviation from the price is +0.24% for the low point and -0.27% for the high point.1.1248
1.1305
1.1275
Here is a more detailed summary of the historical variations registered by GBP/CHF:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this GBP/CHF chart shows a bullish trend. 64.29% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.1197 | 1.1216 | 1.1239 | 1.1275 | 1.1290 | 1.1308 | 1.1336 |
| Change (%) | -0.69% | -0.52% | -0.32% | - | +0.13% | +0.29% | +0.54% |
| Change | -0.0078 | -0.0059 | -0.0036 | - | +0.0015 | +0.0033 | +0.0061 |
| Level | Minor | Minor | Major | - | Minor | Intermediate | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1185 | 1.1212 | 1.1254 | 1.1281 | 1.1323 | 1.1350 | 1.1392 |
| Camarilla | 1.1277 | 1.1283 | 1.1290 | 1.1296 | 1.1302 | 1.1309 | 1.1315 |
| Woodie | 1.1193 | 1.1216 | 1.1262 | 1.1285 | 1.1331 | 1.1354 | 1.1400 |
| Fibonacci | 1.1212 | 1.1238 | 1.1255 | 1.1281 | 1.1307 | 1.1324 | 1.1350 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1102 | 1.1149 | 1.1192 | 1.1239 | 1.1282 | 1.1329 | 1.1372 |
| Camarilla | 1.1209 | 1.1218 | 1.1226 | 1.1234 | 1.1242 | 1.1251 | 1.1259 |
| Woodie | 1.1099 | 1.1148 | 1.1189 | 1.1238 | 1.1279 | 1.1328 | 1.1369 |
| Fibonacci | 1.1149 | 1.1184 | 1.1205 | 1.1239 | 1.1274 | 1.1295 | 1.1329 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0690 | 1.0793 | 1.0980 | 1.1083 | 1.1270 | 1.1373 | 1.1560 |
| Camarilla | 1.1088 | 1.1115 | 1.1141 | 1.1168 | 1.1195 | 1.1221 | 1.1248 |
| Woodie | 1.0733 | 1.0814 | 1.1023 | 1.1104 | 1.1313 | 1.1394 | 1.1603 |
| Fibonacci | 1.0793 | 1.0903 | 1.0972 | 1.1083 | 1.1193 | 1.1262 | 1.1373 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 45.72 | |
| MACD (12,26,9): | -0.0001 | |
| Directional Movement: | -6.6697 | |
| AROON (14): | -50.0000 | |
| DEMA (21): | 1.1282 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.1292 | |
| Elder Ray (13): | -0.0012 | |
| Super Trend (3,10): | 1.1299 | |
| Zig ZAG (10): | 1.1275 | |
| VORTEX (21): | 0.9779 | |
| Stochastique (14,3,5): | 42.69 | |
| TEMA (21): | 1.1276 | |
| Williams %R (14): | -49.12 | |
| Chande Momentum Oscillator (20): | -0.0025 | |
| Repulse (5,40,3): | 0.0307 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0065 | |
| Courbe Coppock: | 0.40 |
| MA7: | 1.1256 | |
| MA20: | 1.1211 | |
| MA50: | 1.1082 | |
| MA100: | 1.1034 | |
| MAexp7: | 1.1274 | |
| MAexp20: | 1.1281 | |
| MAexp50: | 1.1274 | |
| MAexp100: | 1.1265 | |
| Price / MA7: | +0.17% | |
| Price / MA20: | +0.57% | |
| Price / MA50: | +1.74% | |
| Price / MA100: | +2.18% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | -0.06% | |
| Price / MAexp50: | -0% | |
| Price / MAexp100: | +0.08% |
Quotes :
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Real time data
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Forex
News
The latest news and videos published on GBP/CHF at the time of the analysis were as follows:
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GBP/CHF Forecast December 14, 2023
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GBP/CHF Forecast December24, 2021
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Weekly Technical Analysis: 23/07/2019 - USDJPY, GBPCHF, NZDUSD
-
GBP/CHF Is a Preferred Setup Because of its Lack of Key Events (Quick Take Video)
This member declared not having a position on this financial instrument or a related financial instrument.
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